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Hong Kong-listed real estate manager ESR raises $2bn

Company to pour 80% into new economy sector despite weak global fundraising

At least eight ESR funds are active, including those for Japan, Australia, South Korea, China and Singapore. (NIKKEI montage/Source photo by Getty and logo from ESR's website)

BANGKOK -- Hong Kong-listed real estate group ESR has raised $2 billion so far this year through 15 new or enlarged funds and mandates -- 80% of which are dedicated to the new economy sector -- despite a global fundraising drought.

The warehouse giant on Wednesday announced the second close of its data center fund, also known as ESR Data Centre Fund I, which was expanded to $1.3 billion with a commitment from an unnamed global investor.

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